v3.26.1
Segment Information - Schedule of Segment Operating (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment revenue:      
Total Revenue $ 477,532 $ 463,330 $ 284,106
Less:      
Cost of Revenue (including depreciation and amortization) (448,599) (433,608) (271,393)
Segment gross profit 28,933 29,722 12,713
Other segment items:      
Sales and marketing expenses (3,727) (7,462) (1,863)
General and administrative expenses (9,125) (25,271) (3,682)
Research and development expenses (2,543) (5,600) (1,741)
Credit loss provision for receivables (981) (100)
Gain on sale of recovery rights on assets held by FTX 7,270
Impairment loss on digital assets (6,987)
Impairment loss on mining equipment (25,400) (8,076)
Changes in fair value of digital asset receivables or payables 1,172 (1,320)
Changes in fair value of digital assets (8,693) 76,933 18,231
Loss on disposal of mining equipment (3,395)
Investment income 462 416
Interest expense (8,562) (6,328) (5,535)
Interest income 2,284 1,624 1,055
Other income/(expense), net 311 (277) 587
Income tax expense (1,878) (7,668) (2,183)
Net (loss)/profit $ (31,142) $ 53,963 $ 10,495